SOURCE: BioSolar, Inc.

October 01, 2007 09:05 ET

BioSolar CEO Interviewed on WallStreetReporter.com

CEO Announces Company's Product Development Plan and Details Growth Strategy; Expects to Have Product in Hands of Strategic Partners Later This Year

SANTA CLARITA, CA--(Marketwire - October 1, 2007) - The CEO of BioSolar, Inc. (OTCBB: BSRC), developer of a breakthrough technology that utilizes proprietary bioplastic materials to produce various solar cell components that are expected to usher in a new era of strategic cost reduction in the photovoltaic industry, is the front-page feature of an interview on WallStreetReporter.com.

In an excerpt form the interview Dr. David Lee, BioSolar's CEO, discussed his company's recent progress and laid out his expectations for BioSolar's market share gains. "Our vision is to replace all petroleum-based plastics in solar cell applications with our bioplastics. With solar cell demand expected to exceed supply for the next 5 to 10 years, we believe there is tremendous opportunity for growth. Our strategy is to develop a bioplastic backsheet product to quickly gain a dominant share in this hyper growth market."

Noting that the company expects to have prototypes in the hands of strategic partners later this year, Dr. Lee continued: "We believe BioSolar is in a very unique position within the supply chain to provide the entire solar industry, including next-generation thin-film manufacturers, with meaningful cost reduction through the use of our breakthrough bioplastic materials."

This article can be found online at:

http://www.wallstreetreporter.com/page.php?page=featured&tab=2&id=26845

About BioSolar, Inc.

BioSolar, Inc. is developing a breakthrough technology to produce bioplastic materials from renewable plant sources that will reduce the cost per watt of solar cells. Most of the solar industry is focused on photovoltaic efficiency to reduce cost. BioSolar is the first company to introduce a new dimension of cost reduction by replacing petroleum-based plastic solar cell components with durable bio-based plastics. To learn more about BioSolar, please visit our website at http://www.biosolar.com.

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.

Contact Information

  • Contact:
    BioSolar, Inc.
    Investor Relations
    (877) 904-3733
    Email Contact